By Steven Harmon
Bay Area News Group

Posted: 10/09/2012 04:56:27 PM PDT
Updated: 10/10/2012 05:18:09 AM PDT

SACRAMENTO — The main premise of Proposition 32 is that it would stamp out the influence of special interest groups, equally condemning corporations and unions to irrelevancy at the Capitol while ushering in a new day for regular folks.

But a look at who is behind the initiative shows that it’s hardly Joe Lunch Pail who has a rooting interest in the measure, dubbed “Stop Special Interest Money Now.”

Instead, it’s a virtual Who’s Who roster of the rich and powerful, a lineup of bankers, investors, venture capitalists, executives and other wealthy individuals, many of whom have a history of funding conservative causes and have been active participants in the power game in Sacramento. And apparently, they want the game to themselves, critics say.

“These donors don’t have a strong history of trying to reduce special interest influence in politics,” said Derek Cressman, regional director of Common Cause, which opposes the measure. “They’re looking to weaken the voices of an interest group they disagree with while doing nothing to diminish their own spending on politics.”

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